Sarasota Real Estate News

Homeowners Reap Remodeling Benefits Whether Selling or Staying - says the National Association of Realtors.  The report indicates that 35% of US homeowners would rather move to a new home rather than remodel; and 38% of the homeowners upgrade because their surfaces and materials are worn out.  Many homeowners really enjoy living in their newly updated homes and that is certainly an option to selling.  

When selling, the return on investment for remodeling projects rankings, highest to lowest, are, #1 Complete kitchen renovation, #2 kitchen updates, and #3 bathroom updates.  Upon resale, refinishing hardwood flooring returns 100% of the investment, upgrading insulation 95%, and new wood flooring returns 91%.  If you are a Buyer, please keep these things in mind when making an offer.  

What turns Buyers off first, in my experience, is wallpaper, vintage counter tops, and old appliances.  These things are not that expensive to remove or replace!  Buying a home is like falling in love, and we all know how important it is to make a good impression.  I showed a property yesterday that was occupied by a former smoker and that's going to hurt in terms of what this Buyer will offer because the smell needs to be remedied.    I showed another home on Friday where the Sellers were present (never a good idea), and they watched t.v. while the Buyer and I walked around old furniture, clothes and junk.  It would have taken six months to get that property ready to put on the market, and in that case, the property would have shown better vacant and unoccupied by the Seller.  
Go to my website: PalmerRanchLindaHolley.com and find tips for getting your home ready to sell.  Enjoy your week!

Most sincerely yours,
Linda